USDCAD: closing to a strong support at Day Chart.
The next trading day would be a "time window" as I marked on the chart, a buy order would be correct according to the chart.
There are other reasons I think it's closing to support:
1. AB=CD pattern on Day chart is being completed, needs 1~3 Day candles to confirm
2. demand zone
3. USOIL is closing to resistance
Let's be patient and see how will the market react in the following days.
Refer to my former analysis linked below, too.
Thanks!
The next trading day would be a "time window" as I marked on the chart, a buy order would be correct according to the chart.
There are other reasons I think it's closing to support:
1. AB=CD pattern on Day chart is being completed, needs 1~3 Day candles to confirm
2. demand zone
3. USOIL is closing to resistance
Let's be patient and see how will the market react in the following days.
Refer to my former analysis linked below, too.
Thanks!